Budget 201920 Invests in Annapolis Valley

first_img For more information about the 2019-20 provincial budget, visit http://www.novascotia.ca/budget . Communities in the Annapolis Valley will benefit from investments in health care, education, the economy and communities as part of Budget 2019-20. Budget 2019-20, the government’s fourth consecutive balanced budget, estimates a surplus of $33.6 million with revenue of $11.01 billion and expenses, after consolidation adjustments, of $10.98 billion. It also projects balanced budgets in each of the following three years. “This budget builds on our strong fiscal foundation,” said Karen Casey, Minister of Finance and Treasury Board. “Managing our finances well and balancing budgets has given us the ability to invest in new and existing programs and services for Nova Scotians, in areas most important to them.” Highlights in Budget 2019-20 for Annapolis Valley include: The Annapolis Valley will also benefit from provincewide investments including: $10 million increase to further develop collaborative care teams to make it easier for Nova Scotians to see a doctor or other primary care clinicians $2.9 million increase to open 15 residency spaces for specialty medical positions at Dalhousie University Medical School for a total of 65 seats $1.1 million continued funding to open 10 family practice residency seats at Dalhousie University Medical School this year for a total of 46 seats $10.2 million increase to expand pre-primary classes. By September 2020 every four-year old in Nova Scotia will have access to a free early learning opportunity $15 million increase, for a two-year total of $30 million, to continue implementing recommendations from the Commission on Inclusive Education $500,000 increase for incubators and accelerators that support startup companies, for a total of $1.5 million $620,000 increase to support growing immigration multi-year road improvement projects, including major construction for Highway 101, including twinning from Three Mile Plains to Falmouth investment to replace the Hantsport aboiteau support for the Valley Regional Hospital Dialysis Unit funding to revitalize the province’s tourism icons, including along the Bay of Fundy and in Annapolis Royal funding to continue work with federal partners on the Canadian Agricultural Partnership, including the Small Farm Acceleration Program funding to continue support for the Vineyards and Wineries Investment Programlast_img read more

Annual inflation steady as food prices rise and cheap gas helps consumer

by The Canadian Press Posted Sep 18, 2015 6:32 am MDT Last Updated Sep 18, 2015 at 12:00 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Annual inflation steady as food prices rise and cheap gas helps consumer spending OTTAWA – Lower costs at the pump in August weren’t enough to offset a broad rise in consumer prices including higher prices for restaurant fare, according to the latest inflation report from Statistics Canada.The federal agency said on Friday that Canada’s annual inflation rate held steady at 1.3 per cent in August, unchanged from July.Food prices were the biggest contributor to inflation last month, rising 3.4 per cent, followed by household operations, which includes telecom services such as cable and Internet as well as home furnishings.Restaurant prices increased 2.8 per cent over last year, and prices for store-bought food increased four per cent — but there was some relief for meat-eaters, as the price of beef declined for the second straight month.StatCan’s household operations, furnishings and equipment index increased 2.5 per cent in the 12 months to August.Yet growth actually fell from July, when the index rose by 3.3 per cent, and the agency chalked up the difference to lower prices for telephone services.Seven of the eight components of the consumer price index posted gains, with transportation the only laggard as gas prices fell by 12.6 per cent in the 12 months to August.The transportation sector fell by 2.6 per cent overall as gasoline continued its slide that began late last year, and prices for new passenger vehicles increased less in August than in July.Inflation has been closely watched for signs of flagging consumer spending following the contraction in Canada’s GDP in the first half of the year that raised talk of a recession.RBC senior economist Nathan Janzen said the first-half recession didn’t spill over into the job market, so household incomes have held up despite the downturn.Combined with cheaper gas, that means the purchasing power of the average Canadian has actually gone up, he said.“It’s not surprising that households are still spending and as a result you’re still seeing enough consumer demand to prevent a lot of downward pressure on inflation outside of the energy sector,” he said.The Bank of Canada’s core index, which excludes some of the most volatile items, was up 2.1 per cent from a year ago.The Statistics Canada report was in line with analysts’ expectations.IHS Global Insight Canada economist Arlene Kish said in a research note that the inflation numbers appear to be close to the expectations laid out by the Bank of Canada in its monetary policy report in July.She said that indicates the central bank will sit back and let the market take its course after two rate cuts earlier this year.“There is little for the bank to do now but wait and see how the economy continues to adjust to commodity price volatility and weak global growth,” she wrote.— By Peter Henderson in TorontoFollow @henderburn on Twitter read more